The national air carrier Czech Airlines (ČSA) has announced a mass redundancy due to insolvency which will affect all its 430 employees during 2021. The airline has been hit by the effects of the COVID-19 pandemic. The Smartwings aviation group, to which the Czech Airlines belong, asked the state for financial assistance in the amount of CZK 1.1 billion (€42 million) for Czech Airlines at the beginning of February 2021. According to the Minister of Industry and Trade, the state is not planning to help.
Last year, Czech Airlines recorded a loss of about CZK 1.5 billion (€57.4 million).